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Imcyse

Biotech & Life Sciences · Liège, Belgium · Founded 2011

Specific immunotherapies for severe autoimmune diseases MoreLess

Imcyse S.A. is a clinical-stage biopharmaceutical company focused on developing a new class of active and specific immunotherapies for severe autoimmune diseases. The company was founded in 2010 as a spin-off from the Catholic University of Leuven (KU Leuven) in Belgium and is headquartered in Liège. The company's core technology platform, Imotopes™, is designed to halt the progression of autoimmune diseases by specifically targeting and eliminating the immune cells that cause the destruction of organs, without suppressing the patient's entire immune system.

The Imotope™ platform is based on modified synthetic peptides that stimulate a specific type of T-cell, known as cytolytic CD4+ T-cells. These cells are engineered to identify and destroy the aberrant immune cells responsible for the autoimmune attack. This targeted approach aims to prevent further tissue damage, stop disease progression, and potentially provide a cure while leaving the patient's overall immune defenses intact. The technology is designed to induce a memory response, allowing for long-lasting effects with infrequent dosing.

Imcyse's business model revolves around advancing its pipeline of drug candidates through clinical trials, both independently and through strategic partnerships with major pharmaceutical companies. A key collaboration is with Pfizer for the development and commercialization of an Imotope™ for Rheumatoid Arthritis (RA). Under this agreement, Imcyse received an upfront payment and is eligible for milestone payments and royalties, while Pfizer leads the clinical development and commercialization. The company has raised significant capital through multiple funding rounds to advance its clinical programs. Its Series B financing, led by Life Sciences Partners (LSP), raised €35 million, and a subsequent extension brought in an additional €21.3 million, with Pfizer participating as a new investor.

The company's pipeline includes several programs targeting major autoimmune diseases. Its lead candidate, IMCY-0098, is an insulin-derived Imotope™ for the treatment of early-onset Type 1 Diabetes (T1D). This program is in a Phase 2 clinical trial (IMPACT study) across Europe, the United States, and Australia, with topline results expected in early 2024. The second clinical-stage candidate, IMCY-0141, is based on Myelin Oligodendrocyte Glycoprotein (MOG) and targets Relapsing-Remitting Multiple Sclerosis (RRMS). It is currently in a Phase 1/2 trial. Pre-clinical programs are also underway for conditions such as Neuromyelitis Optica Spectrum Disorder (NMOSD), Celiac Disease, and Rheumatoid Arthritis.

Keywords: immunotherapy, autoimmune diseases, synthetic peptides, Imotopes, cytolytic CD4 T-cells, Type 1 Diabetes, Multiple Sclerosis, Rheumatoid Arthritis, clinical-stage biopharmaceutical, KU Leuven spin-off, specific immunotherapy, IMCY-0098, IMCY-0141, Neuromyelitis Optica, Celiac Disease, disease-modifying treatment, targeted therapy, Pfizer collaboration, biopharmaceutical, immunology, life sciences, peptide therapy, T-cell modulation, autoimmune therapy

Company overview

Imcyse company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2011
Headquarters
Liège, Belgium
Employees
5
Open positions
None listed
Dealroom signal
62.7
sub industryPharmaceuticalsub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorMedical ResearchsectorResearch and DevelopmentsectorAntibodiessectorAutoimmunesectorSpinoutsectorBiotech and PharmasectorPeptidessectorDT and LSsectorscience-based

Valuation & funding

Imcyse funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Feb 2021 $23M $94M Pfizer · Epimede · SFPIM · EQT Life Sciences
DEBTDebt Jun 2019 $2.2M Belfius
GRANTOther financing Jun 2019 $5.1M WE Venture
SERIES BOther financing Jun 2019 $31M $123M Epimede · Wallonie Entreprendre · SFPIM · EQT Life Sciences
SPINOUTOther financing Jan 2011 $0 KU Leuven
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMargin
2026 $1.7M 0% −$3.7M -219.7%
2025 $1.7M 0% −$3.7M -219.7%
2024 $1.7M +43.6% −$3.7M -219.7%
2023 $1.2M +4.1% −$3.7M -315.4%
2022 $1.1M +125.7% −$3.7M -328.4%
2021 $499K +443.7% −$18M -3545.3%
2020 $92K −$2.6M -2796%
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Growth signals

Imcyse website traffic

Latest recorded traffic for Imcyse is 840 monthly website visits, down 30% over the last three months. Imcyse's team declined 28.6% over the past year.

Latest monthly visits840 3-month web change-30% 1-year team growth-28.6%
Monthly website visits85 observations · Jun 2018–Jul 2026
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Comparisons

Imcyse compared with similar companies

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Talent graph

Imcyse's talent

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Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

10 investors on Imcyse's cap table

Sourced from Dealroom's funding and investor records.

Seed 1 investor entered at this stage
WE Venture
Series A 8 investors entered at this stage
EQT Life Sciences
Epimede
Wallonie Entreprendre
SFPIM
Pfizer
KU Leuven
Noshaq
Biogenesis
Series B+ 1 investor entered at this stage
Belfius

Global footprint

Where Imcyse has talent and traffic

Workforce by country
1 countries with
team presence
🇧🇪 Belgium100%
1 country shown

In the news

Latest news about Imcyse

Recent press, funding announcements, and product moves mentioning Imcyse — open to read from the original sources.

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Market sentiment

What the market is saying about Imcyse

An AI-synthesized read of the highest-engagement posts about Imcyse on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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